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Cable Update (GBPUSD)

  • #594,721
  • May 13, 2021 5:09am May 13, 2021 5:09am
We are nearly at levels that can expose 13950 although there will be support at 13985 s2
Insane in the Brain..
  • #594,722
  • May 13, 2021 5:10am May 13, 2021 5:10am
Quoting mysterio
{quote} What about the extremes. Lets say you executed your strategy at 1.4150 and assume for the sake of argument the market won't go back for months. Do you continue to hold the buy position? At what point do you suck up the loss? Or do you just apply it to clearly defined ranges?
I have made it sound simple, but there's more to it, I would open BUY/SELL at same price minus spread small TP on both 1 to 3 pips no SL when one TP I would open again in that direction again small TP no SL so hedging my losing trade, repeat, its an averages game, there is a lot more to it, P/L always in the minus (takes some getting use to) but my equity is always going up, I do not recommend this type of trading, my aim is to show that MM is more important than people give it, hope this has answered your question
  • #594,723
  • May 13, 2021 5:12am May 13, 2021 5:12am
Quoting pipfarm
Next move we wait for break and retest to get the third wave either the impulse of a correction or impulse with trend, H1 we already had another move down, break retest for third wave , so it is just a case of waiting 15 minute chart to view the internal structure of H1 correction break and retest {image}

Current move is corrective H4 so for H4 continuation up we need break and retest for third wave trade again, watch H1 for internal structure minor waves of H4 if the continuation is going to happen
Follow The Markets Structure - Patience and Discipline
  • #594,724
  • May 13, 2021 5:14am May 13, 2021 5:14am
i hope it goes more down^^ was on -500€, now -80€
Attached Image (click to enlarge)
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  • #594,725
  • May 13, 2021 5:19am May 13, 2021 5:19am
...into those prev aforementioned dly sw hi's = prev res now @ the current dly lo...will they act as rbs? Nearest fib to the lo is 50% 3857-4166, and the 38.2% downside extension of y/day's pip range is thereabouts too. 71pip move down so far today = 77% of 30day adr.

Dly below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #594,726
  • May 13, 2021 5:26am May 13, 2021 5:26am
Quoting makati
Descending flag formation in 1H and 4H, short GU now. Target 1: 1.4009 Target 2: 1.3880 Stop Loss: 1.4180
Target 1 achieved. On to target 2. That gap at 3985 should be closed and then some...
  • #594,727
  • May 13, 2021 5:27am May 13, 2021 5:27am
Quoting Yngwie
Long 4025
closed -18 try to long again soon
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #594,728
  • Edited 5:55am May 13, 2021 5:29am | Edited 5:55am
If GU revisits 1.40600 zone again, we will take down 1.40. 1.39900
1.41600 is not valid
  • #594,729
  • May 13, 2021 5:29am May 13, 2021 5:29am
Quoting makati
Descending flag formation in 1H and 4H, short GU now. Target 1: 1.4009 Target 2: 1.3880 Stop Loss: 1.4180
Target 1 achieved. On to target 2. That gap at 3985 should be closed and then some.

Strategy is to place a trailing sell stop at 30-40 pips (your call) for current position. Run the profit!
  • #594,730
  • May 13, 2021 5:31am May 13, 2021 5:31am
Quoting mrluckystar
{quote} impossible for crack 4000 today.
I seen mr lee insight..
Peace Yo!
  • #594,731
  • May 13, 2021 5:31am May 13, 2021 5:31am
mister lee , phone home
Attached Image (click to enlarge)
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yes yes yes
  • #594,732
  • May 13, 2021 5:31am May 13, 2021 5:31am
I am DJ Khaled of trading "Just another one!"
Attached Image
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #594,733
  • May 13, 2021 5:34am May 13, 2021 5:34am
Quoting Prodix86
{quote} It doesn't matter, everyone has their own view, I respect that If it doesn't crack its ok because i just want to see 1.40
So do I for sure, it's just dealing in definitives that I disagree with ('impossible')

I guess you could buy some call options if you held this view with conviction
  • #594,734
  • May 13, 2021 5:35am May 13, 2021 5:35am
Quoting Moty
mister lee , phone home {image}
taaadaa... cannot use phone during flight..
Peace Yo!
  • #594,735
  • May 13, 2021 5:37am May 13, 2021 5:37am
Quoting HumbleLearne
And the downfall begins hopefully how many agree HOW MANY AGREE AND ARE SHORT NOW PLEASE
After being in trade for approximately 25 hours after going short got out of the trade at 1.40092 thought i still think that the price will reach 1.39816 cannot control my sleep now will hopefull see what to do go long or short after atleast 2 hour nap ...Untill then positive vibs and best of luck to all the good souls out there May Almighty bless you all with success , Health , Wealth and Prosperity
  • #594,736
  • May 13, 2021 5:38am May 13, 2021 5:38am
Quoting mrluckystar
{quote} taaadaa... cannot use phone during flight..
iron man can
tp changed to 1.40774
less then 2 hours for employment data
Attached Image (click to enlarge)
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yes yes yes
  • #594,737
  • May 13, 2021 5:41am May 13, 2021 5:41am
Quoting Headland
{quote} So, what you are saying is that it will go down or up!
We dont know what will it do

according to up trend it should bounce from 1.4015 to at least 1.4185 so i bought but maybe not so fast lets see
  • #594,738
  • May 13, 2021 5:55am May 13, 2021 5:55am
Quoting KiwiTrada
{quote} was wondering if you noticed the inverted daily hammer yesterday, could be falling knives or potential for decent pullback, been long time coming for bears :-) dont even want to calculate the bull train ride!!!! 10% 20% pull back will help my pension
daily inverted hammer could possibly print weekly inverted hammer ??
If you are new to Forex? Say Goodbye to your account!!
  • #594,739
  • May 13, 2021 5:56am May 13, 2021 5:56am
up up and away
Attached Image(s) (click to enlarge)
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yes yes yes
  • #594,740
  • May 13, 2021 6:00am May 13, 2021 6:00am
Quoting Moty
up up and away {image} {image}
hey moty, your misslle should add fin...
Peace Yo!
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